In recent weeks, there has been ample buzz about Apple—including speculation about the company’s upcoming iPhones and iWatch as well as analyses of the surprising June quarter earnings reports. According to Apple veteran michael hageloh, however, the big story about Apple is flying just under the radar: The company’s possible partnership with VISA, and a potential game-changer for mobile payment technology.
“Imagine if you were able to swing by your local coffee shop, get your beverage, and pay for it without having to whip out your credit card, relying on your mobile device to communicate with the payment processors and handle everything more or less automatically,” comments hageloh, in a new statement to the press. “This would be hugely convenient, and in many ways it is where technology has been headed. No company has quite figured out how to make it happen, but my prediction is that Apple has something game-changing in the works.”
Hageloh goes on to say that Apple’s dominance in the mobile payment field is something that just makes sense. “Apple has the ecosystem in place. Apple devices are everywhere already, and the closed system allows for a level of security that other companies couldn’t provide,” he remarks. “Apple is also way ahead of its competition on things like fingerprint scanning technology, which could be critical for this whole business.”
The former Apple sales executive goes on to speculate that Apple’s dominance in mobile payment could come through a strategic partnership with VISA. “There has already been much talk about a potential collaboration between the two companies,” he says. “Moreover, VISA’s CEO is a guy with a long history in mobile, and he is well-respected in tech circles—including Apple circles.”
Apple is not the only company to have made overtures concerning mobile payment technology. Google has made efforts in the past, but hageloh is skeptical about the company’s ability to deliver. “Google has an open-ended system, so there’s just no security there,” he comments. “Frankly, people already feel like Google knows too much about them. They don’t want to also entrust their credit card information to Google. Apple, by comparison, is much easier to trust.”
Concludes hageloh, “Everyone is talking about the iWatch, but Apple may be preparing to scoop up mobile payment—a much bigger deal.”
More information about michael hageloh is available at his personal website, www.hageloh.com.
Serving as director of special projects focused on the sales education initiative at the University of South Florida, michael hageloh is a proven sales executive with more than 20 years of experience.
Much of that experience is with Apple Inc., where he began in the company’s education division in 1988. Hageloh moved into a crucial role within Apple’s sales organization. In that role, he developed a vertical education selling strategy and forged relationships with thought leaders, policymakers, and other influencers in the education and technology spheres. He also acquired experience in a key academic sales role at Adobe, where he facilitated, along with French banking and financial services firm Société Générale, a unique single licensing transaction valued at $11.7 million. Overall, Hageloh delivered close to a billion dollars in revenue during the course of his career.
Hageloh is the creator of the Rhythm-Selling System. He’s a high spirited author, a beat-ahead thinker, and a charismatic authentic talker. Hageloh can be contacted online via his website, www.hageloh.com, his Facebook page, and on Twitter.